was a decrease rate in those lower than the decrease rate in revenue compared to Q3–2022. This is because gross profit margin of delivered projects in Q4–2022 is lower than those in Q3–2022. In addition

: Thailand Automotive Industry For a period of Q2 2017, total vehicle production volume was 465,411 units, which was 4.3% lower than last year’s volume of 486,506 units. This year-on-year decrease was mainly

Baht 568.3 million in Q4/2019, decreased by Baht 126.7 million or 18.2% from Q4/2018. The decrease was mainly due to lower number of non-sales workforce employees at Index Living Mall stores, lower

continued to grow well by c.20%.  Net profit in Q2/2017 was Baht 61 million, a decrease of 57% YoY due to 1) higher cost per unit resulted from lower capacity utilization; 2) higher depreciation resulted

Availability Payment (AP) according to the PPA and a decrease in electricity profit resulting from the lower dispatch from EGAT. Meanwhile, corporate income tax and interest expenses were decreased. Page 8

Baht 1,511.7 million of 2018. The decrease was mainly additional contribution of GNLL2 which started COD in January 2019 and other SPPs, despite from lower contribution from GHECO-One mainly driven by

considerably lower than what is currently offered on the market. Given the rise in fuel prices was largely weather driven we expect prices to decrease in the medium term. Limestone cost was also higher compared

revenue of Baht 9,179 million mainly attributable to a decrease in sales revenue of Methyl Ester Business from lower sales volume and lower average selling prices. The lower sales volume was due to

First Quarter of 2019 WHAUP finished our 1Q2019 with a Net Profit of Baht 424.2 million, a 40.8% decrease from 1Q2018 with Normalized Net Profit of Baht 394.2 million, a 15.3% decrease from 1Q2018. 1

still the fixed costs such as employee salaries, therefore the decreased rate in expense was lower than the decrease rate in revenue. Financial Analysis of the company As of March 31, 2020, the Company